what will price be on August 1? - page 3.

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: Torque on July 01, 2014, 11:15:52 AM

Quote from: wobber on July 01, 2014, 11:14:01 AM

Great insight, but you're talking years there... Bitcoin looses 40% in a few days...

....and gains it back a few days or weeks later. It can also gain 500-600% in one month. It also averages 8x-10x value year over year end.

What else you got smart ass?

I rest my case.

silversmith

full member

Activity: 181

Merit: 100

I will probably be under $10. Mark Williams was probably just a month off on his famous prediction. Shocked

Torque

legendary

Activity: 3710

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Quote from: wobber on July 01, 2014, 11:14:01 AM

Great insight, but you're talking years there... Bitcoin looses 40% in a few days...

....and gains it back a few days or weeks later. It can also gain 500-600% in one month. It also averages 8x-10x value year-over-year end.

What else you got smart ass?

wobber

legendary

Activity: 1064

Merit: 1001

Great insight, but you're talking years there... Bitcoin looses 40% in a few days...

Torque

legendary

Activity: 3710

Merit: 5286

Quote from: wobber on July 01, 2014, 10:55:41 AM

Quote from: JimboToronto on July 01, 2014, 10:52:21 AM

Quote from: wobber on July 01, 2014, 10:43:05 AM

holders have lost much of their wealth.

Not those who bought for less $100, let alone the early birds who paid pennies.

Perhaps you misunderstand holding. It means not selling. Until you sell your coins, they are worth exactly what you paid for them, nothing more, nothing less.

Only those stupid enough to sell for less than they paid have lost any wealth.

Agree. But holding into bitcoin should be looked at a method of preserving wealth. What wealth do you preserve when it drops 30%?

From 2002-2007 - The dollar fell 40% in value as the U.S. debt grew 60%. In 2009, the dollar fell 20% thanks to debt fears.

How much lower is today's dollar value? In 1913 you could buy as much with a dollar as you can with $23.63 in 2014, more than 100 years later. By 1920, the dollar had lost about half its value, and was worth $11.48 in today's value. Deflation (the opposite of inflation) during the Great Depression of 1929 increased the value of the dollar to $13.43. By 1940, the dollar was worth even more -- it could buy as much as $16.40 could today.

By 1950, the dollar's value had dropped even lower than before the Depression. It was worth only $9.53. It has fallen ever since:

1960 = $7.76
1970 = $5.92
1980 = $2.79
1990 = $1.76
2000 = $1.33
2010 - $1.05.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: wobber on July 01, 2014, 10:55:41 AM

Quote from: JimboToronto on July 01, 2014, 10:52:21 AM

Quote from: wobber on July 01, 2014, 10:43:05 AM

holders have lost much of their wealth.

Not those who bought for less $100, let alone the early birds who paid pennies.

Perhaps you misunderstand holding. It means not selling. Until you sell your coins, they are worth exactly what you paid for them, nothing more, nothing less.

Only those stupid enough to sell for less than they paid have lost any wealth.

Agree. But holding into bitcoin should be looked at a method of preserving wealth. What wealth do you preserve when it drops 30%?

All of it if you don't sell and the price rises higher than before the drop.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: ?? on ??

Daytrading is gambling, pure and simple.

You know, hidden amongst your barrage of trolling and humorous posts there's the occasional word of wisdom.

This is one of them.

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: JimboToronto on July 01, 2014, 10:52:21 AM

Quote from: wobber on July 01, 2014, 10:43:05 AM

holders have lost much of their wealth.

Not those who bought for less $100, let alone the early birds who paid pennies.

Perhaps you misunderstand holding. It means not selling. Until you sell your coins, they are worth exactly what you paid for them, nothing more, nothing less.

Only those stupid enough to sell for less than they paid have lost any wealth.

Agree. But holding into bitcoin should be looked at a method of preserving wealth. What wealth do you preserve when it drops 30%?

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: wobber on July 01, 2014, 10:43:05 AM

holders have lost much of their wealth.

Not those who bought for less $100, let alone the early birds who paid pennies.

Perhaps you misunderstand holding. It means not selling. Until you sell your coins, they are worth exactly what you paid for them, nothing more, nothing less.

Only those stupid enough to sell for less than they paid have lost any wealth.

Mayuyu48

hero member

Activity: 644

Merit: 500

my prediction bitcoin prices will around $800-$899
many good news recently, and we still don't see FUD news like before
maybe it will climb up to $900 for a while, and go down to $850 at the end of july

wobber

legendary

Activity: 1064

Merit: 1001

Let me understand correctly, without my trollish-bearish general attitude: Everybody thinks that we'll see 4-digit prices based solely on last weeks rise? We are lower than January guys!

Good traders might have got the chance to make money out of these $100 price changes (up or down, doesn't matter) but holders have lost much of their wealth.

And yes, we had tons of good news but price wasn't much affected.

nickenburg

sr. member

Activity: 434

Merit: 511

I voted for 1000-1800, just because this year, we left the bad news about bitcoins behind us.
And we already saw the price rise above 600, and i think it will atleast reach 1000 this year again.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: rapsaodan84 on July 01, 2014, 09:06:38 AM

My guess is somewhat above 800.

Good news are coming, but I don't think we'll see an explosion in price just yet.
Maybe by the end of the year.

This is what I think as well, we will go to 840-850 this month and then see another bear trap down to 700 before we'll visit 1000 somewhere before the end of the year. I expect a real price explosion to $3000+ next year, but depending on developments with the ETF and regulations it may already happen this year.

rapsaodan84

full member

Activity: 218

Merit: 102

My guess is somewhat above 800.

Good news are coming, but I don't think we'll see an explosion in price just yet.
Maybe by the end of the year.

mocrotasje

newbie

Activity: 42

Merit: 0

800-1200

wobber

legendary

Activity: 1064

Merit: 1001

2500 to 2800.

Reasoning: 5% of daily increase last 24 hrs. LOL.

Future_price = Current_price * (1 + y)^n

where

y = decimal growth rate per day
n = number of periods (days)

btcbeliever

member

Activity: 232

Merit: 29

Please enter your predictions and reasoning.

Topic: what will price be on August 1? - page 3. (Read 3505 times)